Question

In: Operations Management

how does the circular economy play a role in recyclable plastics?

how does the circular economy play a role in recyclable plastics?

Solutions

Expert Solution

Plastics make a significant contribution to a circular economy when their entire life cycle is examined. The unique characteristics of plastics enable them to play a major role in a circular economy. Being lightweight, versatile and durable, plastics can help save key resources such as energy and water in strategic sectors that include packaging, building and construction, automotive and renewable energy, to name but a few. In addition, plastics' applications in packaging can help reduce food waste.

In a circular economy, we keep resources in use for as long as possible, extract the maximum value from them and then recover and regenerate products and materials at the end of their service life. Thus a circular economy offers a way to improve competitiveness and resource efficiency of the economy.

In developing a road map for a circular economy, it is important to ensure that decisions around appropriate solutions are based on sustainability considered across the entire life cycle rather than simply considering resource efficiency aspects only at the end of life of a product. To improve the circularity of plastics, it is essential to make sure that more and more plastic waste is recovered and doesn’t end up in landfill or in the environment.


Related Solutions

What role does the government play in the economy?
What role does the government play in the economy?
How does globalization play a role in the political economy of trade policy? Consider the current...
How does globalization play a role in the political economy of trade policy? Consider the current administration’s policy on international trade. What actions may be considered alarming? What actions may be considered beneficial?
What role does entrepreneurship play in the economy? Discuss how globalization is affecting entrepreneurship in the...
What role does entrepreneurship play in the economy? Discuss how globalization is affecting entrepreneurship in the United States. With competition from so many multinational companies, do you think there are still opportunities for entrepreneurs? Why or why not?
How does behavioral economics play a role in our lives and in the economy? Give 3...
How does behavioral economics play a role in our lives and in the economy? Give 3 examples (different for each student) on economic "behavior" to support your positions and the works cited or for those transferring to Walsh, APA.
What role does Mumbai play in the modern Indian economy?
What role does Mumbai play in the modern Indian economy?
How does ubiquitination play a role in mitosis?
How does ubiquitination play a role in mitosis?
How does culture play a role in listening?
How does culture play a role in listening?
Does the global economy play any role in financing our deficits?
Does the global economy play any role in financing our deficits?
How does pain play a positive role in change management?How does pain play a positive...
How does pain play a positive role in change management?
How does noncritical tasks play into the Critical path method? What role does it play?
How does noncritical tasks play into the Critical path method? What role does it play?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT